Stock With Momentum: Ann Joo Resources
Page 1 of 1
Stock With Momentum: Ann Joo Resources
Stock With Momentum: Ann Joo Resources
By Asia Analytica / The Edge Financial Daily | April 6, 2016 : 11:01 AM MYTThis article first appeared in The Edge Financial Daily, on April 6, 2016.
Ann Joo Resources Bhd (-ve)
SHARES of Ann Joo Resources Bhd (fundamental:0/3; valuation: 1.2/3) triggered our momentum algorithm again yesterday, the sixth time since mid-March this year. The counter rose 3.5 sen or 3.85% to close at 94.5 sen, with 1.59 million shares traded.
The stock has risen 50% in just a little over a month, from when it was trading at 63 sen on March 1.
For its fourth quarter ended Dec 31, 2015 (4QFY15), Ann Joo saw its net loss widen to RM47.67 million as compared to a net loss of RM7.58 million in 4QFY14, while revenue dropped by 15.79% to RM413.54 million from RM491.09 million in the corresponding quarter a year ago.
For FY15, it plunged into the red with a net loss of RM135.48 million compared to a net profit of RM23.39 million in FY14; revenue shrunk 23.14% to RM1.76 billion from RM2.29 billion. At its current share price, Ann Joo is trading at 0.51 times its book value.
[You must be registered and logged in to see this image.]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» Stock With Momentum: SLP Resources
» Stock With Momentum: THREE-A Resources
» Stock With Momentum: Three-A Resources
» Stock With Momentum: SLP Resources
» Stock With Momentum: SYF Resources
» Stock With Momentum: THREE-A Resources
» Stock With Momentum: Three-A Resources
» Stock With Momentum: SLP Resources
» Stock With Momentum: SYF Resources
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum